Following a recent bear run, Solana (SOL) rallied to a one-week high on Monday. The 14-day relative strength index (RSI) broke over a resistance level of 45.00 and is presently trading at 48.31, its highest level in nearly ten days. Litecoin (LTC) also gained ground today, with the price rising by as much as 7%. Following a low of $81.75 on Sunday, LTC/USD raced to an intraday high of $87.54 earlier in the day, bringing the token to its highest level since March 6, when it was trading near the $90.00 mark. There is a good chance that Litecoin may rise above $90.00 in the coming days. News Sorce

Tether, the parent firm of USDT, has invested a significant percentage of its income on Bitcoin, but miners remain sceptical. Tether has $1.5 billion in BTC reserves and acquired 52,670 BTC in the first quarter alone. If Tether continues to dominate the stablecoin market, the price of Bitcoin could rise. However, Andrew Kang, CEO of Mechanism Capital, remarked that if Tether continues to acquire BTC with their profits, it may weaken the selling pressure on BTC caused by the US government’s holdings. HODLers maintain their composure, but Bitcoin miners do not. If miners continue to behave in this manner, Bitcoin will suffer. News Sorce

Web3 payments have a number of advantages over traditional payment systems, including decreased transaction fees, global reach, client loyalty, and improved brand image. They are peer-to-peer and based on trustless logical systems, allowing for borderless, instantaneous transactions with cheap fees. Merchants are increasingly experimenting with Web3 payments, offering incentives or loyalty programs to entice customers to adopt the payment option that saves them money while also improving the user experience. Fuse offers easy-to-deploy, end-to-end integrated tools that help SMBs and startups to engage in the money paradigm shift. The Fuse ecosystem provides services and technology to build a strong platform for mainstream cryptocurrency and Web3 payment usage. News Sorce

With a market price of over $23 million and aspirations to develop a charitable-giving network that is more secure and transparent than existing legacy payment rails, Homer Simpson coin is the latest meme coin to enter the crypto mania. The current price of $SIMPSON is $0.000000000033710. $SPONGE is a standout in a sea of mediocrity, with broad appeal and a thriving community. AiDoge.com is combining artificial intelligence and meme coins to generate a goldmine of viral memes. It costs $0.0005749 and contains collaborations with Tamadoge and Love Hate Inu. News Sorce

The upgrade to node v26.0.0 of Bitcoin Cash was announced in January, but traders were sceptical due to the dominance of shorts in the derivatives market. Binance had rallied support for the upgrade, but market sentiment favoured short positions, as evidenced by the funding rate. Bitcoin Cash’s outlook has shifted, with the weighted sentiment falling to -0.607 and the Market Value to Realised Value (MVRV) ratio falling to -0.413. The number of active network addresses has also expanded, with 311,000 active addresses at the time of writing. On the 15th of May, at 12:00:00 UTC, the node upgrade will be deployed on the Mainnet. News Sorce

According to data analysis firm PitchBook, crypto firms saw a substantial year-on-year reduction in venture funding in the first quarter of 2023. In the first quarter of 2023, crypto businesses raised $2.6 billion in global venture capital, a 78% reduction from the first quarter of the previous year and the lowest amount of money invested in the industry since the fourth quarter of 2020. In the first quarter, 353 transactions were completed, a 64.4% reduction from the same period the previous year. Despite the financial downturn, there were some “bright spots” in 2023 Q1, such as layer-2 scaling solutions continuing to attract venture capital. Blockstream raised $125.0 million in convertible notes and debt, while Scroll raised $50.0 million in late-stage venture capital.Significant investments were also made in cryptocurrency custody services, including a large round for Ledger and Taurus. News Sorce

As cryptocurrencies began to rebound from Friday’s red wave, Solana (SOL) surged by up to 5% in today’s session. At the time of writing, the worldwide market cap had risen by roughly 2%. Chainlink (LINK) also rose, regaining control of a crucial resistance level. On Saturday, SOL/USD reached an intraday high of $21.25, while the relative strength index (RSI) surpassed a ceiling of 45.00. To begin the weekend, LINK/USD rocketed to a high of $6.63, just hours after sliding to a low of $6.37. Price strength is currently at 41.20, with a support level around 40.00 in the event momentum shifts. A minor change has already happened, with LINK currently trading at $6.58, just below previous highs. News Sorce

The Bitcoin network experienced a major bottleneck on May 7, 2023, due to an overwhelming 500,000 unconfirmed transactions. Onchain fees have significantly decreased and are now below $5 as a result of the clearing of congestion, which was previously very high. Just over 300,000 transactions are still pending confirmation as of May 11, 2023, and 185 blocks must be mined to clear the backlog. At 342 exahashes per second (EH/s), the global hashrate is stable, and current predictions indicate that the difficulty could rise on May 18 (seven days from now). News Sorce